Tipsheet: Lowe’s Outlet +TX | T.Joe’s +Harlem | Tiffany Record Holiday
Tiffany 2020 holiday period, preliminary worldwide net sales increased approximately 2% / Ecom +80%+ Press release
Amazon eases new seller delivery requirements as Covid strains carriers at CNBC. “Last August, the company announced that, starting in February 2021, members of Amazon’s Seller Fulfilled Prime program would be required to make deliveries on Saturdays and meet one- and two-day delivery targets. In a note sent to sellers on Tuesday that was viewed by CNBC, Amazon said it was temporarily relaxing the delivery speed targets…” Read more
AmerisourceBergen to buy Walgreens’ distribution unit in $6.5 billion Europe push at Reuters. “The deal will help Walgreens focus more on core pharmacy unit as well as its retail business, where sales have tanked due to the COVID-19 pandemic, resulting in a nearly 30% slump in shares in 2020.” Read more
Bed Bath & Beyond Inc. Appoints Patty Wu as General Manager of buybuy BABY “She joins buybuy BABY from Beautycounter, where she served as its Chief Commercial Officer. She was previously Chief Commercial Officer and General Manager of the Baby Division at The Honest Company, and has also held senior management roles at Mattel, Inc. and Walmart.” Press release
Macy’s is shuttering 45 more locations this year, as part of its 3-year store closure plan at CNBC. Read more
Amazon Launches $2 Billion Housing Equity Fund “Amazon is providing below-market capital—in the form of loans, lines of credit, and grants—to preserve and create 20,000 homes affordable for moderate- to low-income families in the Puget Sound region, Arlington, and Nashville.” Press release
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Trump signs executive order blocking transactions with Alipay, CamScanner, QQ Wallet, SHAREit, Tencent QQ, VMate, WeChat Pay, and WPS Office at The Verge. Read more
Lowe’s will open its first Texas outlet store in Irving this year at The Dallas Morning News. “The Lowe’s Outlet, at 3500 West Airport Freeway, will take the place of a former Lowe’s that closed in 2019, and will sell scratch-and-dent appliances at discounted prices…The first Lowe’s Outlet opened in Monrovia, Calif. in 2019…” Read more
Trader Joe’s 13th NYC store set to open in Harlem at NY Post. “The surprise lease signing adds Trader Joe’s to a Harlem retail renaissance that has brought major national brands to the neighborhood — especially on historic 125th Street. Target is coming to the same building as Trader Joe’s. A massive Whole Foods and Burlington Coat Factory opened three years ago at the corner of Malcolm X Boulevard. also known as Lenox Avenue.” Read more
The company that processes payments for Amazon and Swiggy has reported a data leak at Business Insider. “In what could be a major data breach, information of over 100 million debit and credit card users from payments processor Juspay has leaked on the dark web.” Read more
POUR ME – Morgan Wallen promotes Target after Walmart leaks his album at Radio.com. “Wallen (said) he had provided Target with two extra bonus songs. “So, if you’re going to buy my album, go to Target, baby. It’s kind of messed up, but I don’t shop at Walmart anyway.” Read more
Tipsheet Extra
Amazon reportedly developing radar-equipped sleep apnea tracker
UC San Diego offers students COVID test kits by vending machine
Germany: Big companies must put women on management boards
Busch beer offers $1 off for each inch of snowfall per state
Trader Joe’s Reports Progress on Diversity Efforts
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